Plexchat Raises $7M in Funding

The round was led by Raine Ventures, the venture capital arm of The Raine Group, with participation from First Round Capital, Dream Incubator, Lumia Capital, Macro Ventures, Singularity Ventures and Hany Nada (founding partner of GGVC). In conjunction with the funding, Gordon Rubenstein, Managing Partner at Raine Ventures, will join Plexchat’s board of directors.

The company intends to use the funds to continue to develop the platform and expand operations.

Led by Shawn Foust, CEO, Plexchat is a chat application for mobile gamers to connect and communicate about the games they play. Available on iOS and Android, Plexchat is designed to facilitate live conversations within large, open communities of gamers.
Key features include:
– Smart Messages: Users can leverage multiple types of messages (replies, polls, galleries).
– Community Building Tools: Ranks, roles, participation limitations, bans, squelches, invite-only rooms, and more.
– Responsive Rooms: Chat rooms respond to a user’s interests and provide tools specific to those games.
– Game Wiki: Embedded wikis that allow players to quickly reference and link information related to the games they play.